Active Listing  ·  74 days on market

2901 Castro St #2

Austin, TX 78702
$560,000
2 Bed 3 Bath 938 sqft $597/sqft Built 2022 0.15 acres 1-Car Garage Pool Chernosky 12

**Govalle Gem | East Austin Living**

Tucked beneath a canopy of mature trees in the heart of Govalle, this 2-bedroom, 2.5-bath home is a quiet retreat in one of East Austin's most sought-after pockets. Soaring ceilings draw the eye upward while walls of windows flood the interiors with warm, natural light — the kind that makes every hour feel golden.

Modern finishes throughout speak to thoughtful design without sacrificing warmth: clean lines, curated details, and spaces that feel both elevated and lived-in. A private setting makes it easy to forget you're minutes from everything East Austin has to offer > top-rated restaurants, parks, local coffee shops, and the energy of a neighborhood on the rise.

Two generous bedrooms, two and a half baths, and the kind of light and space that make coming home the best part of the day.

At $597/sqft, this home is priced 53% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2901 Castro St #2, Austin, TX 78702

Property Details

Price $560,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 938 sqft
Lot Size 0.15 acres (6,403.32 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 12
County Travis
Zip Code 78702
$/sqft $597/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,099
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230238663
List Date May 22, 2026
Elementary School Govalle
Middle School Martin
High School Eastside Early College
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 22, 2026 $590,000
Previous ask $575,000
Current ask $560,000
Reduced $30,000 (-5.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1122 Colorado St #1202
Westgate Condo Amd
$560,000 $688 1 bd / 1 ba 814 sqft , 2026-07-30
5505 Duval St #B
North Loop
$559,000 $527 2 bd / 2 ba 1,061 sqft , 2026-04-16
2323 S Lamar Blvd #202
Precision Add
$559,000 $754 1 bd / 1 ba 741 sqft , 2026-05-08
222 West Ave #1412
Seaholm Residences Residential
$565,000 $688 1 bd / 1 ba 821 sqft , 2026-06-01
610 Davis St #3001
The Modern Austin Residences
$565,000 $920 1 bd / 1 ba 614 sqft , 2026-06-09

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,688/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$112,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,688
Principal + Interest−$3,056
Property Tax (~2.1% TX avg)−$980
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,581

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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